TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) ended the day weaker by 0.05 percent at 6,127 on Friday, May 29, 2026. Out of the total, 271 stocks strengthened, 409 weakened, and 137 remained unchanged. The total transaction volume reached 47.2 billion with a value of Rp50.1 trillion. The transaction frequency was recorded as 2.37.
On Friday morning, JCI opened weaker at 6,112, down 18 points. However, JCI later strengthened by 1.43 percent to 6,128 at the close of the first session.
PasarDana's Co-founder, Hans Kwee, predicted that the stock market would be highly volatile. This is due to rebalancing of the Morgan Stanley Capital International (MSCI) index, which will take effect on June 1, 2026.
Nevertheless, Hans stated that it is likely that most fund managers adjusted their portfolios before May 29, 2026. "What's interesting is that there doesn't seem to be significant panic in the market, even though some of the stocks removed by MSCI were under pressure," he said in a written statement on Thursday, May 28, 2026.
According to Hans, the removal of stocks from the MSCI index by several issuers is a technical issue and does not indicate a decline in the companies' fundamentals. He believes that the period after the MSCI rebalancing could mark the bottom of the JCI's decline, and the stock market has the potential to recover based on the companies' future fundamentals.
Read: MSCI Highlights Liquidity of Indonesia's GoTo Stock
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